证券代码：688279 证券简称：峰岹科技 公告编号：2025-028 峰岹科技（深圳）股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/5/22 | 2025/5/23 | 2025/5/23 | 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 4 月 22 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 差异化分红送转方案： （1）本次差异化分红的方案 根据公司 2024 年年度股东大会审议通过的《关于公司 2024 年度利润分配预 是否涉及差异化分红送转：是 每股分配比例 每股现金红利0.78元 相关日期 1. 发放年度：2024年年度 2. 分派对象： 案的议案》，公 ...

Investment Rating - The report initiates coverage on Fengcai Technology with a "Buy" rating and a target price of 307.5 RMB, based on a 64.2x PE for 2026 [1][6][9]. Core Views - Fengcai Technology is a leading domestic supplier of BLDC motor drive control chips, demonstrating high growth potential and strong profitability. The company has captured significant market share in smart home appliances and mobility sectors, with a reported market share of 80.7% in vacuum cleaners and 83.6% in fans [19][20]. - The BLDC motor control and drive chip market is expected to grow rapidly, with a projected CAGR of 20.9% from 2024 to 2028, indicating substantial room for domestic manufacturers to increase their market share [20][21]. Summary by Sections Company Overview - Fengcai Technology has established a comprehensive solution around BLDC motors, including control, drive, power, and sensors, achieving a higher-than-average profitability in the industry [1][2]. - The company has successfully penetrated new markets such as white goods and automotive applications, with revenue contributions expected to rise to 19.64% and 7.35% respectively by 2024 [3][4]. Market Dynamics - The global market for BLDC motor control and drive chips is estimated at 26.3 billion RMB in 2023, with a significant portion of the market still dominated by foreign manufacturers. The domestic market's localization rate is only about 23% [20][21]. - The report highlights the increasing demand for energy-efficient and intelligent control solutions in various applications, driving the growth of the BLDC motor market [20]. Financial Projections - The company is projected to achieve a net profit of 3.23 billion RMB in 2025, with a CAGR of 37.82% from 2025 to 2027. Revenue is expected to reach 8.45 billion RMB by 2025, reflecting a growth rate of 40.69% [6][28]. - The report anticipates that the company's main business segments, including MCU, ASIC, HVIC, IPM, and MOSFET, will all contribute to revenue growth, with specific segments like IPM expected to see significant increases [28][29][30][31][32].

Investment Rating - The report initiates coverage on Fengcai Technology with a "Buy" rating and a target price of RMB 307.5, based on a 64.2x PE for 2026 [1][6]. Core Views - Fengcai Technology is recognized as a leading domestic supplier of BLDC motor drive control chips, demonstrating high growth potential and strong profitability. The company has captured significant market share in smart home appliances and mobility sectors, with a reported market share of 80.7% in vacuum cleaners and 83.6% in fans [19][20]. - The BLDC motor control and drive chip market is expected to grow rapidly, with a projected CAGR of 20.9% from 2024 to 2028, indicating substantial room for domestic manufacturers to increase their market share [20][21]. Summary by Sections Company Overview - Fengcai Technology provides comprehensive solutions for BLDC motors, including control, drive, power, and sensors, achieving a higher-than-average profitability in the industry. The company is expected to benefit from market penetration in white goods and automotive sectors in the short term, while robotics may offer greater growth opportunities in the long term [1][2][3]. Market Dynamics - The BLDC motor market is experiencing increased penetration due to demands for energy efficiency and intelligent control. The domestic market is currently dominated by foreign manufacturers, with a low domestic production rate of approximately 23% [20][21]. - The company has successfully expanded its product applications beyond low-voltage scenarios to include white goods and automotive markets, with revenue contributions expected to rise significantly [3][19]. Financial Projections - Revenue is projected to grow from RMB 411.36 million in 2023 to RMB 1.449 billion by 2027, reflecting a CAGR of 34.15%. Net profit is expected to increase from RMB 174.85 million in 2023 to RMB 582.14 million by 2027, with a CAGR of 37.82% [8][28]. - The company anticipates maintaining a high gross margin of 53.24% in 2024, significantly above the industry average of 31.81% [22]. Competitive Advantages - The company differentiates itself through high integration of control, drive, power, and sensor functions, which allows for a one-stop solution for customers. This integration, along with proprietary algorithms, enhances performance while reducing costs [22][23]. - The introduction of sensor products is expected to facilitate entry into the robotics market and provide long-term growth opportunities, as the global market for BLDC motor control and drive chips is projected to reach RMB 263 billion in 2023 [4][23]. Growth Drivers - The company is focusing on expanding its presence in the white goods, automotive, and robotics markets, leveraging its established reputation in the motor control chip sector to drive growth [20][21]. - The anticipated growth in the BLDC motor control chip market, coupled with the company's strategic initiatives, positions it well for sustained revenue and profit growth [19][20].

Core Viewpoint - The company, Fengcai Technology, reported its first-quarter financial results for 2025, highlighting significant growth in net profit and net profit excluding non-recurring gains and losses compared to the previous year [3]. Financial Data Summary - The net profit attributable to shareholders for the first quarter of 2025 was 67.34 million yuan, representing a year-on-year increase of 29.66% [3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 60.81 million yuan, showing a year-on-year growth of 38.08% [3]. Shareholder Information - There were no changes reported in the number of shareholders holding more than 5% of shares or the top ten shareholders compared to the previous period [5]. Audit Information - The financial statements for the first quarter of 2025 were not audited [3][6].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 171,196,416.60, representing a 47.34% increase compared to CNY 116,193,287.30 in the same period last year[4] - Net profit attributable to shareholders was CNY 50,412,604.19, a slight decrease of 0.29% from CNY 50,560,982.39 year-on-year[4] - The net profit after deducting non-recurring gains and losses increased by 2.85% to CNY 43,880,972.11 from CNY 42,663,871.29 in the previous year[4] - Total operating revenue for Q1 2025 reached ¥171,196,416.60, a 47.5% increase from ¥116,193,287.30 in Q1 2024[16] - Net profit for Q1 2025 was ¥50,412,604.19, slightly down from ¥50,560,982.39 in Q1 2024, representing a decrease of 0.3%[17] - Total comprehensive income for Q1 2025 was ¥50,336,277.98, slightly down from ¥50,596,399.05 in Q1 2024[19] Cash Flow and Liquidity - The net cash flow from operating activities surged by 112.97% to CNY 55,915,824.08, up from CNY 26,255,308.29 in the same quarter last year[4] - Cash flow from operating activities for Q1 2025 was ¥55,915,824.08, compared to ¥26,255,308.29 in Q1 2024, an increase of 112.5%[20] - Cash flow from investment activities in Q1 2025 was negative at -¥82,269,802.39, an improvement from -¥148,735,349.23 in Q1 2024[20] - The net increase in cash and cash equivalents for the company was -43,395,484.96, compared to -131,258,860.76 in the previous period, indicating an improvement[22] - The beginning balance of cash and cash equivalents was 297,355,317.82, down from 608,695,566.90 in the previous period[22] - The ending balance of cash and cash equivalents stood at 253,959,832.86, a decrease from 477,436,706.14 in the previous period[22] Research and Development - Research and development expenses totaled CNY 35,086,009.71, an increase of 81.36% compared to CNY 19,345,909.95 in the previous year, accounting for 20.49% of operating revenue[5] - R&D expenses increased to ¥35,086,009.71 in Q1 2025, up 81.1% from ¥19,345,909.95 in Q1 2024[16] - The company reported a significant increase in net profit after excluding share-based payment expenses, which rose by 29.66% year-on-year to CNY 67,342,600.00[5] - The company continues to enhance product advantages through sustained R&D investment and expansion into emerging application markets, driving rapid revenue growth[9] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,721,715,515.72, reflecting a 2.74% increase from CNY 2,649,250,831.90 at the end of the previous year[5] - Total current assets increased to ¥1,772,267,160.67 as of March 31, 2025, compared to ¥1,636,181,075.40 at the end of 2024, reflecting a growth of approximately 8.3%[14] - Total liabilities decreased to ¥91,054,225.88 from ¥96,315,024.51, representing a reduction of approximately 5.2%[15] - The company's equity attributable to shareholders rose to ¥2,630,661,289.84 from ¥2,552,935,807.39, an increase of approximately 3.1%[15] - The accounts payable increased significantly to ¥27,798,726.70 from ¥7,257,315.38, marking an increase of approximately 283.5%[14] - The company's inventory increased to ¥168,659,686.91 from ¥160,483,019.52, reflecting a growth of about 5.0%[14] - The non-current assets totaled ¥949,448,355.05, down from ¥1,013,069,756.50, a decrease of approximately 6.3%[14] - The company's short-term borrowings and other liabilities were not specified, indicating a focus on maintaining liquidity[15] Shareholder Information - The company has a total of 5,575 common shareholders as of the end of the reporting period[11]

峰岹科技公告，2025年第一季度营收为1.71亿元，同比增长47.34%；净利润为5041.26万元，同比下降 0.29%。 ...

证券代码：688279 证券简称：峰岹科技 公告编号：2025-027 峰岹科技（深圳）股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 04 月 22 日 （二） 股东大会召开的地点：深圳市南山区高新中区科技中 2 路 1 号深圳软件 园（2 期）11 栋 801 室公司会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 124 | | --- | --- | | 普通股股东人数 | 124 | | 2、出席会议的股东所持有的表决权数量 | 44,635,934 | | 普通股股东所持有表决权数量 | 44,635,934 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 48.4276 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数 ...

上海市锦天城(深圳)律师事务所 法律意见书 上海市锦天城(深圳)律师事务所 关于峰昭科技(深圳)股份有限公司 2024 年年度股东大会的 地址:深圳市福田中心区福华三路卓越世纪中心 1 号楼 21-23 层 电话: 0755-82816698 传真: 0755-82816898 上海市锦天城(深圳)律师事务所 法律意见书 上海市锦天城(深圳)律师事务所 关于峰昭科技(深圳)股份有限公司 2024 年年度股东大会的 法律意见书 法律意见书 致:峰昭科技(深圳)股份有限公司 上海市锦天城(深圳)律师事务所(以下简称"本所")接受峰昭科技(深 圳) 股份有限公司(以下简称"公司")的委托,指派律师出席公司 2024 年年度 股东大会(以下简称"本次股东大会"),并根据《中华人民共和国公司法》(以 下简称"《公司法》"）、《中华人民共和国证券法》(以下简称"《证券法》")、 《上市公司股东会规则》(以下简称"《股东会规则》")等法律、法规和规范 性文件以及现行有效的《峰昭科技(深圳)股份有限公司章程》(以下简称"《公 司章程》"）的相关规定,对本次股东大会相关法律事项进行见证并出具本法律意 见书。公司已向本所提供了本 ...

峰岹科技（深圳）股份有限公司 2024年年度股东大会 会议材料 二〇二五年四月 | 目录 | | --- | | 年年度股东大会会议须知 2024 | | | | 3 | | --- | --- | --- | --- | --- | | 2024 年年度股东大会会议议程 | | | | 5 | | 议案一：关于公司 | | 2024 | 年度董事会工作报告的议案 | 7 | | 议案二：关于公司 | | 2024 | 年度监事会工作报告的议案 | 8 | | 议案三：关于公司 | | 2024 | 年度财务决算报告的议案 | 9 | | 议案四：关于公司 | | 2024 | 年度利润分配预案的议案 | 10 | | 议案五：关于公司董事、监事 | | | 2025 年度薪酬方案的议案 | 12 | | 议案六：关于使用部分超募资金永久补充流动资金的议案 | | | | 13 | | 议案七：关于使用闲置自有资金进行现金管理的议案 | | | | 14 | | 议案八：关于公司《2024 | | | 年年度报告》及其摘要的议案 | 15 | | 议案九：关于补选独立非执行董事的议案 | | | | 16 | ...

峰岹科技（深圳）股份有限公司 2024 年限制性股票激励计划预留授予激励对象名单 （截至预留授予日） 一、 限制性股票激励计划预留授予部分的分配情况 | 激励对象类别 | 授予限制性股票 | 获授数量占授 予限制性股票 | 获授数量占股本 | | --- | --- | --- | --- | | | 数量（万股） | 总数的比例 | 总额的比例 | | 技术（业务）骨干人员（4 人） | 3.00 | 1.84% | 0.03% | | 预留授予部分合计 | 3.00 | 1.84% | 0.03% | 二、相关说明 1、上述任何一名激励对象通过全部在有效期内的股权激励计划获授的本公 司股票累计数均未超过公司总股本的 1%。公司全部有效期内的激励计划所涉及 的标的股票总数累计不超过公司股本总额的 20%。 2、本激励计划预留授予激励对象不包括：独立董事、监事、单独或合计持 有上市公司 5%以上股份的股东、上市公司实际控制人及其配偶、父母、子女。 3、上表中部分合计数与各明细数直接相加之和在尾数上如有差异，是由于 四舍五入所造成。 峰岹科技（深圳）股份有限公司董事会 2025 年 4 月 9 日 ...